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Nomura: Inflation Risks and Upstream Changes Delay Federal Reserve Rate Cut Expectations to September
Jin10 Data, March 30 — Nomura Securities has pushed back its expectations for a Federal Reserve rate cut to September and December, citing new inflation risks triggered by the Middle East conflict. Nomura’s Chief U.S. Economist Jeremy Schwartz also noted that the confirmation process for Fed Chair nominee Kevin Wirth has been delayed, which is why he revised his rate cut timetable from previous predictions of June and September. Although price pressures are seen as temporary, the Fed may remai